JPMorgan Chase reveals it paid more than 100 of its London staff HK$25.7m

JPMorgan Chase reveals it paid more than 100 of its London staff HK$25.7m Scandal-hit JPMorgan Chase reveals it paid average HK$25.7m to more than 100 staff in London in 2012, as EU brings in rules limiting bonuses SCMP.com The biggest US bank, JPMorgan... More

JPMorgan Chase reveals it paid more than 100 of its London staff HK$25.7m Scandal-hit JPMorgan Chase reveals it paid average HK$25.7m to more than 100 staff in London in 2012, as EU brings in rules limiting bonuses SCMP.com The biggest US bank, JPMorgan Chase, paid more than 100 of its London staff an average of £2 million (HK$25.7 million) in 2012. The disclosure came as fresh evidence emerged of the massive deals being paid in the City of London financial district despite an outcry over banking "fat cats" after the 2008 credit crisis. Goldman Sachs has already said its high-fliers received an average of £2.7 million in 2012 - up by half on the year before - fuelling fresh anger about bankers' bonuses. The banks are required to provide the information about their operations in the UK to comply with an EU rule introduced after the 2008 crisis. Banks must give details of the pay of "code staff", those deemed to be taking and managing risk. The details of the pay awards come as new rules Less